For an Accountant to Be Civilly Liable Under Rule 10b-5

question 26

True/False

For an accountant to be civilly liable under Rule 10b-5, the accountant must have acted with scienter.

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Definitions:

Purchase Choice

The decision made by consumers regarding which products or services to buy.

Brands of Jam

Various companies or labels under which jam, a sweet spread made from fruit and sugar, is marketed and sold.

Ignorance

The lack of knowledge, understanding, or information about a particular subject or fact.

Confidence

The feeling or belief in one's abilities or qualities, leading to a sense of self-assurance.